BRUSSELS (dpa-AFX) - Commerzbank (1CBK.MI, CBK.DE, CRZBY), a major German lender, on Tuesday reported a decline in annual net result.
For fiscal 2025, the company reported a net result of EUR 2.63 billion, less than EUR 2.68 billion of fiscal 2024. Excluding restructuring expenses, however, earnings rose by around 13% to EUR 3 billion.
On February 10, the Board has decided to start a further share buyback to repurchase up to EUR 540 million of shares from February 15.
In addition, for fiscal 2025, the lender intends to pay a dividend of EUR 1.10 per share, higher than the EUR 0.65 per share of fiscal 2024.
Commerzbank will release its preliminary 2025 earnings report on February 11.
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